Browse Forums Real Estate 1 May 19, 2021 11:18 am Hi There, I'm after some advice. We have made a holding deposit for an off the plan townhouse that was advertised for $687,500, however after making the holding deposit the agent has said the vendor has increased the price to $720,000. I asked the agent how/why, and their response was: "It appears the price adjustment was made between your first inquired and when you have made the reservation. As the development progresses the price generally will be adjusted." Seems very deceptive. Is there anything I can do? Re: Off The Plan - paid holding deposit, now price has chang 2May 19, 2021 1:01 pm Have you got a contract? What does it say ? Re: Off The Plan - paid holding deposit, now price has chang 3May 19, 2021 1:04 pm Haven't signed a contract yet - just put down the 2k holding deposit whilst we get the contract sorted. Re: Off The Plan - paid holding deposit, now price has chang 4May 19, 2021 1:17 pm Hmmm interesting, even though they mentioned the vendor had raised their asking price, the sales person has come back to us saying they were referring to another property and the original price still stands. Hmm, plausible I guess, but maybe the vendor was told they'd lose a potential sale by being greedy? Hey Buddy I am so sorry to hear. I have been going through something very similar. In our case a client owed us circa $200k for the final payment and moved in without… 2 1844 9 25342 This is one of the reasons I decided to go overseas for my double glazed windows. As the builder indicated, he's worked on many upmarket builds, these were the most well… 13 19797 |